(IT-NEWSWIRE.COM, September 18, 2023 ) As per Maximize Market research, the Retail Cash Management Market was USD 3.6 Bn in 2022 and is expected to grow at a CAGR of 14.6 percent over the forecast period to reach USD 9.5 Bn by 2029.
Retail Cash Management Market Report Scope and Research Methodology
The bottom-up approach was used to estimate the Retail Cash Management market size. SWOT is used to identify the threats and weaknesses of the market while PESTLE was used to employ the competitive intensity of the Retail Cash Management Market.
The increasing demand for automation and optimization of working capital and growing the number of retail points and the penetration of organized retail are the growth drivers of the Retail Cash Management Market growth. The integration of artificial intelligence (AI) and machine learning (ML) is a lucrative opportunity for the Retail Cash Management Market growth.
Retail Cash Management Market Regional Insights
North America is expected to dominate the Retail Cash Management Market share during the forecast period. The rapid adoption of retail cash management services to avoid liquidity crises is the growth driver of the regional Market.
Retail Automation Market -The Market size is expected to reach USD 32.86 Bn by 2029 at a CAGR of 10.94 percent during the forecast period.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and Communications, Internet of Things, Food and Beverages, Aerospace and Défense and other manufacturing sectors.